Posted by on Jan 31, 2013 in Home Improvement | 0 comments
You always have some emotional attachment with your home. It is not easy to take a decision to sell your home just because it is getting obsolete with the passage of time. You have a better alternative in the form of home improvement.
On the contrary, there are people who have entirely different motive. They might want to improve their homes with a purpose to sell at higher prices. For this, you should be aware of those home improvements that provide you maximum value additions.
A survey was undertaken by Dynamic Markets for GE Money Home Lending in May 2007. It highlighted the top ten home improvements as recommended by the estate agents in the UK. Many people think that new kitchens, bathrooms and renovation can bring them high value additions. But, they all need to be corrected. The estate agents across the UK revealed that loft conversions and extensions were the most advantageous forms of home improvements.
Very often, people face the problem of inadequate funds. Home improvement involves a lot of money especially when you are either planning an additional floor or an extension. But, these are just teething problems and can be solved by taking out home improvement loans. There are many lenders in the UK financial market that can provide you such loans. You can apply for home improvement loans with online lenders, high street banks, building societies, etc.
Home Improvement loans may help you in making big improvements to your home with least financial burden. If you have big plans and a lot of money is needed, you can take out secured homeowner loans. These loans can allow you up to £250,000 as you would be required to give your home as security to the lender. Alternatively, you can take out unsecured loans to carry home improvements.
Posted by on Jul 11, 2012 in Home Improvement | 0 comments
There is no place like home – it could small or big this is the place where we live with our family and friends feeling safe and happy. People would always want their home to appear in a good and clean manner. So on a periodic basis taking up home improvement project is not a bad idea. Mostly home improvement things are do-it-yourself. It is simply a course of adding new things in your home or refurbishing it. Similarly home improvements are of many types; here you can apply roofing, flooring, siding, repairing, replacing, windows, painting, improving back yard and much more. These are sturdy things and doing it yourself could be daunting. So the best would be to hire a home improvement contractor that can do this task easily for you. They are the way to spruce up your home.
You first need to understand the requirements of your house. Know the factors involving home improvement: why do your need to improve your house or garden now? Are their any barriers involved? What is the budget comprising to do the job? Do not move ahead without proper planning, once you finalize the budget stick with it. Finding a home improvement contractor would not be difficult – go for some local home shops or do a well research online. Look only for a reputable home improvement company and explain them your needs. Overall completing this job would increase the value of your home.
Home Improvement Tips
For some people hiring a home improvement contractor could be expensive – do consider below given do-it-yourself tips:
Kitchen – Kitchen renovation is fun. You need to choose right materials for your kitchen. Going for marble and granite kitchen countertop would be an enduring choice as you going to use for upcoming decades. Other things to be considered is color selection, suitable lighting, getting appliances and choosing quality sinks.
Bathroom – For a bathroom it is good to have sliding or ceiling ambience light and select some good bathroom cabinets, marble countertops and vanity tops with shiny reflective surface.
Flooring – You need to concentrate more on flooring. Check if you need repair to loose resilient floors and Vinyl floors. You must clean and repair the carpet when even required. Know more about wall-to-wall carpeting too as it gives outstanding look to your home.
Backyard – When it comes to garden the best thing to add up is Floating fountains they are just are cool. If you require a new walkway to be colorful then flagstone, concrete pavers and bricks are of good choice. Do contact any excavation company if your need pond clearing.
Posted by on Jul 4, 2012 in Home Improvement | 0 comments
Home improvement projects are often a challenge, and hiring a home improvement contractor often becomes necessary. Hiring a contractor for such projects might sound easy, but the contractor has to be hired with discretion and good judgment to achieve the best results.
A good home improvement contractor would be able to follow up a project from start to finish, and deliver the required results within a given time frame. But the challenge is to find such a contractor, and ensure a smooth deal, from hiring the contractor to handover. Some of these easy tips on hiring a contractor should help you with the process:
First and foremost, remember that hiring the first contractor you come across is not the best idea. You need a to shortlist a few likely contractor candidates before hiring the best out of them. Try to consider only those home improvement contractors who have been recommended by friends, colleagues or acquaintances.
In case such recommended contractors are fewer than you would like to choose from, ask other contractors for references from previous clients. Hiring a contractor who has been recommended online is also a great option. Check out and interact with all such references before hiring. A good tip is hiring a contractor who has done similar jobs before.
Before hiring the final contractor for the job, ask all the contractors in your shortlist to give you a formal bid for your project. Do not automatically choose the lowest bidder. Do your home work by asking about charges from people who have local experience in hiring such contractors and ask them for tips. Determine the cost of materials, fixtures and finishes that your contractor will use by visiting a home improvement store yourself.
While hiring a contractor, also ensure that he or she fulfils any licensing requirements of your state. The home improvement contractor should have established his credentials beyond any doubt, and have a good reputation. The contractor should also preferably carry insurance against issues like worker’s compensation, damage to property, and any personal liabilities.
Have a very clear, fixed idea of what sort of home improvement you need done before you start off with the contractor. The clearer you are in your mind, the better the contractor would understand you. It will also save you from unplanned costs incurred due to changes during the process of home improvement.
Once you have decided on your contractor, the hiring process should include the signing of a very clear contract with your home improvement contractor which would clearly state the materials to be used, the terms of demolition, required cleanup, and elimination of trash. The time frame for completion, payment terms, and release from any lien for any sub-contractors used should also be arranged to your mutual satisfaction.
Payment plans should be well thought out. Keep in mind that payment is the only leverage you can use to get the job done by the contractor according to your expectations. A good tip is to make final payments to the home improvement contractor only once you are happy with the finished job.
Hire a contractor you can get along with very well, because the contractor would be in your house for quite a duration. Hiring someone who would have the right amount of time to devote to your project is also crucial, because sometimes hiring an extra-busy contractor can turn out to be a mistake.
Hiring a contractor is often the best way to carry out major improvements in your home. With the help of these tips you should be able to hire a great contractor, and carry out your home improvements without a hitch.
Posted by on Jun 28, 2011 in Home Improvement | 0 comments
There are many benefits of renovating and upgrading your home. Your home will get a boost in its market value and you will personally feel better in your new and improved home. In this competitive age, finance is also not a problem. So, you can easily carry out home improvement despite the fact that you do not have all the required money.
The most important thing is your budget. If you have no financial constraints, you can go to any extent. Wouldn’t it be a better idea to make your home more energy efficient and reduce carbon emissions in line with the new environment friendly policy? You should also consider environmental aspects, keeping in view your financial position. Anyhow, in the long run you tend to recover the costs invested in green equipments like solar energy or wind energy. Home improvement loans are widely available in the UK loan market to make it possible.
Home improvement encompasses many things, especially in the UK where you will find millions of homes that are decades old. These homes do not fulfil the modern requirements and it becomes more or less necessary to change them altogether. These challenges have to be met. Out of total UK housing stock, millions of homes have already been around for 100 years. These can be brought in line with modern times by changing, renovating and improving. For an individual, home improvement loans are available with building societies, high street banks, private online lenders, etc. You can also apply on the Internet and save your time.
Home improvement loans can be of two types. You may or may not want to pledge your home when taking the loan. It is up to you. But, if you need more than £20-25,000 then you might have to pledge your home. Lenders do not go beyond this amount when offering a loan without security.
The author is a business writer specializing in finance products and has written authoritative articles on the finance industry. She has done her masters in Business Administration and is currently assisting Loans-Bazaar as a finance specialist. For more information on Home Improvement Loans or Cheap Unsecured loan visit www.loans-bazaar.co.uk
Posted by on Jan 10, 2011 in Home Improvement | 0 comments
If you are a homeowner, you may understand that there is a certain amount of pride attached to the possession. It is an achievement to own your home or at least be in the process of owning one. Either way, it is yours. Often you get into a home that leaves room for later improvements. In other situations, you may need to make home improvements to add to your home’s value and convenience for new circumstances. There are many reasons that people consider home improvement. Along with this is the fact that considerable expense may be involved and homeowners do not always have the financial resources.
They must be obtained through other means. This is where secured home improvement loans may come into the equation. Most home improvement loans will be secured loans since they are far easier to obtain from lenders than unsecured ones. Whether you decide to search for a potential lender in your immediate geographical area or you would rather search for lenders and apply for loans online, you will be have to do plenty of research. You want to find the best rates and most beneficial services since you will be putting your home or other assets up as collateral.
Home improvement loans are obtained to pay for various expenses. Examples include kitchen remodeling, adding or subtracting walls, tiling floors, painting, adding on additional rooms or expanding an existing one, security system installation, putting in a swimming pool, etc. The flexibility of secured loans as far as terms and conditions are concerned has contributed to the popularity of home improvement loans.
As mentioned before, home improvement loans are secured or collateral-based loans. This means that you, as the borrower, are required to put up any valuable asset you may have as collateral to be approved for a loan. Common assets offered as collateral include houses, cars, real estate, among others. This issue of collateral is the primary basis for whether a lender will approve or reject a loan application. The higher your asset’s equity value is the larger loan amount you will be able to obtain on it. With a house, obviously, the amount could be substantially more than enough to cover your home improvement expenses in most cases.
Any discussion of home improvement loans would be incomplete without some mention of interest rates. For most borrowers, the interest rate levels will be relatively low on a secured loan because of the sense of security that collateral give lenders. If non-payment becomes an issue, the lender can turn to the collateral to get compensation for their losses. Since repayment on home improvement loans can be spread out over a long period, you can expect reasonable and fixed monthly payments.
Even if you have poor credit or other past financial circumstances that still affect your current financial status, you need not fear that you won’t be able to obtain a home improvement loan. In fact, it is still very possible to obtain approval, since the decisive factor is the value of the collateral. Of course, if you have a bad credit rating you may have to pay slightly higher interest rate.
A home improvement loan can be a great way add value to your home and enhance its overall appeal. At some point in the future, if you decide to sell your home, you could do so at a higher price. Regardless, of what you do, you can feel satisfied that you’ve made your home better.
Posted by on Aug 11, 2010 in Home Improvement | 0 comments
Mortgage Loans and Home equity loans are not the only sources of funds for making home improvements. If you lack the equity or do not want to use your home as collateral, you can always resort to personal loan funding. There are even personal loans specially tailored to be used for home improvements. Learn all you need to know about it.
Traditional home improvement loan sources can provide cheap finance but the use of the property as collateral may not be the wish of the borrower. Personal unsecured loans can provide as much money as regular secured loans for home improvements and do not imply the risk of repossession of the property. Thus, they offer the applicant the peace of mind he needs knowing that his house is safe.
Unsecured Personal Loans For Home Improvements
Unsecured personal loans can be used for almost any purpose; Home improvements are just one of them. The amount of money you can get depends mainly on your credit score and history. Since the amount of money you will need for home improvements usually ranges from a couple of thousands to tens of thousands, your credit score has to be at least “good” if you want to get approved with advantageous terms.
Nevertheless, there are lenders willing to offer loans for people with bad credit, but the interest rate you will have to pay for such loans will be considerably higher. Moreover, the repayment program will not be too long so your monthly payments may be unaffordable. If your credit is not that good you would probably do better waiting to improve it before applying for unsecured loans
On a side note, Unsecured Lines of Credit are a more flexible source of finance. An unsecured line of credit is a revolving source of funds which you can be used to finance purchases and services while repaying the money in a lither manner. This is perfect for those with non fixed income which can increase or decrease during the year and can not commit to fixed payment programs.
Regrettably, being unsecured, these loans have rather strict credit requirements. Approval will be mainly determined by your credit score, thus, even though bad credit loans are available, those with worst credit have less chances of being approved. And even if they do, the loan terms will not be advantageous.
So, if your credit is not that good, and you have a property you can use as collateral, it is best if you apply for a home equity loan for home improvements than for an unsecured loan. A loan decline will worsen your credit situation and can sometimes even ruin your ability to get finance through secured loans.
Nevertheless, there are some unsecured loans specially tailored for home improvements that due to having this purpose requirement, have less strict credit requirements because the lender knows for sure that the money will be used to increase the overall value of the debtor’s assets thus contributing to increase his odds of recovering the money borrowed.
Melissa Kellett is an expert loan consultant who has worked for twenty years in the financial industry and helps people to repair their credit and get approved for home loans, unsecured personal loans, student loans, consolidation loans, car loans and many other types of loans and financial products. If you want to learn more about Personal Loans For Bad Credit and Instant Payday Loans you can visit her site http://www.speedybadcreditloans.com/